GBP/CAD still market’s trade of choice
Morning all. The market’s aren’t getting any easier to read in my opinion and in cases like this it’s probably safest to stick with the prevailing trends.
The latest IMM data tells us what we all know already, the market is keen to buy GBP and sell CAD, AUD and JPY. No point in fighting these trends, wait for retracements and jump on board. EUR and USD sentiment remains neutral.
Can’t see any glaring trade opportunities at the moment so settle in and be patient. Have a great week.